Need an appraisal for an FHA-backed mortgage? Call Davis & Lagerman, LLCRest assured that Davis & Lagerman, LLC is an FHA-certified appraisal service in MN. This means that we are qualified and approved by the FHA to do appraisal reports for home loans insured by them. A portion of the periodic training our staff at Davis & Lagerman, LLC receives deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact Davis & Lagerman, LLC if you need an appraisal done for an FHA-secured loan. If your property loan is FHA approved, that means that the loan has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The lending organization provides all the finances; the FHA simply insures the transaction through mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all purchasers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are incredibly useful to those homebuyers with less accessible cash. |